Moneta Bank Comments

[Deathifier]

Originally Posted by Moneta Banker

Thank you for your comments, bring them on...

Welcome to Entropia, I hope you used your launch delay wisely

- Deathifier

[Moneta Banker]

Thank you all for your comments.

We are here for a long run, so 2 months delay was not that significant. Moneta Bank presence is the 1st step in introduction of our global paying system.

We will update the community with all new and exciting services that are coming.

[QuintusMagnus]

Originally Posted by Moneta Banker

Thank you all for your comments.

We are here for a long run, so 2 months delay was not that significant. Moneta Bank presence is the 1st step in introduction of our global paying system.

We will update the community with all new and exciting services that are coming.

Global paying system? Sorry, I'm not familiar with Moneta...what exactly does this paying system entail? Good to see a bank backed by...well, a bank, in the game. Any chance you'll offer investment opportunities?

[In Love With]

Am I the only one to stumble over the only thing that matters again??

8.25% interest rate PER MONTH ??

That's ~100% a year. Yes, you heard right 100% p.a. !!

a fat -rep for me for trying to fuck over the EU community. There is not a single reason to justify such an interest rate.

Angel

[Aziphirael]

Originally Posted by In Love With

Am I the only one to stumble over the only thing that matters again??

8.25% interest rate PER MONTH ??

That's ~100% a year. Yes, you heard right 100% p.a. !!

a fat -rep for me for trying to fuck over the EU community. There is not a single reason to justify such an interest rate.

Angel

Well the other Banks appear to be charging the same amounts:
bank loan conditions

So in that sense Moneta is in the same ballpark.

[In Love With]

Originally Posted by Aziphirael

Well the other Banks appear to be charging the same amounts:
bank loan conditions

So in that sense Moneta is in the same ballpark.

Great stuff, others are robbing (scaming is what I would call 100% interest p.a.) ppl so I will do just the same ... If you have followed my posts, you would have seen me posting equivalent posts in the other bank threads as well ...

Again 100% p.a is considered illegal in most countries to charge as an interest rate - It certainly is illegal in Germany - But hey, lets fuck over the player base one more time, ey ?

Am disgusted

Angel

[Aziphirael]

Yup its definitely steep, but I did see a post from Neverdie that basically said that running the Banks at Real World rates would have meant going bankrupt. In other words the current system has too high a cost base to allow real world interest rates.

[aridash]

Originally Posted by Moneta Banker

We will update the community with all new and exciting services that are coming.

when can we expect to hear about what services you have planned. even if they are not due immediately, it would be great to have a roadmap.

[Blake Seven]

Originally Posted by Aziphirael

In other words the current system has too high a cost base to allow real world interest rates.

Or they paid way over the odds for the banking licenses in the first place.

[In Love With]

Originally Posted by Blake Seven

Or they paid way over the odds for the banking licenses in the first place.

couldn't agree more - and tough shit if they have (no one would be holding my hand if I buy 25 tonnes of copper above LME price)


Again, I like to stress my point, it is illegal in Germany to charge such interest rates and considering that all loans are 100% security loans (by the simple fact of the item(s) held by the bank exceeding the borrowed amount) it is (excuse my french) fucking ridiculous to charge such interest rates

Angel

Zinsmethode, Zinsformel, Zinsrecht (for the German speaking population)